VP’s Remarks At Facilitating Trade And Investment For Development, Abuja on 02/11/2017

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African economies are performing better than the global average. It is evident that the reason for the remarkable success of these economies is good governance, enabling business environment especially for the private sector and markets to thrive, macroeconomic stability, large markets and rising domestic demand and growing Intra- African trade.

The pace and commitment to reform our economies is also worthy of note. African economies accounted for 30% of all global improvements in business and regulatory reforms in 2016. As you have heard several times already today, and I’m sure you will hear it even more, especially from Nigerian participants, just two days ago the World Bank announced that Nigeria, Africa’s largest economy had moved up 24 places in the World Bank Ease of Doing Business Rankings and we were declared one of the top ten reforming economies in the world.